The European Commission confirmed granting to Romania 483.8 million euros through the program REACT-EU. Of that amount, 283.8 million euros are meant to supply hospitals, social centers and schools in the context of the Covid crisis, Cristian Ghinea, the minister of European Investments and Projects announced on Facebook on Thursday. “It is official , we will receive European funds of 483,8 million euros to equip hospitals, social centers and schools, in the Covid 19 crisis and for energy projects in the mechanism REACT-EU. We received confirmation from EC last night. The money will go to projects in the Big Infrastructure Program, meant for health in the Covid context, and for those of energy efficiency and renewable energy. There will also be other financing approvals in REACT-EU, for 1.32 billion euros for 2021,” Ghinea said. The minister for European Investments and Projects explained that in the overall allocations approved, 200 million euros are meant for increasing energy efficiency and using renewable energy sources. “The 483.8 million euros approved last night refer to: 283.8 million euros for health – equipping hospitals, social centers and schools, in the Covid 19 pandemic; 200 million euros for increasing energy efficiency and using renewable energy sources,” Ghinea added. He pointed out that other EC approvals for financing within REACT-EU program are expected in the weeks to come. “In the following weeks REACT EU financing will be approved for 2021 and for competitiveness Operational Program -550 million euros; Human Capital Operational Program -234 million euros; Helping Less Favored People Program -56 million euros,” Ghinea concluded.
Gold has been one of the most sought-after assets for centuries, and in the modern era, it has become a highly popular component of investment portfolios. A preferred asset for protection against economic risks, gold has delivered attractive long-term returns, increasing by approximately 8% per year over the past two decades. Since the end of […]
JTI Romania is the Top Employer for the 12th year in a row, being ranked third amongst 44 companies locally awarded, after an assessment conducted by the Top Employers Institute. The company was rated for about 20 criteria such as leadership, talent acquisition, on-boarding, digital HR, work environment, career development, learning, ethics & integrity, diversity, […]
Romanian defense minister Angel Tîlvăr stated that the contract for the Patriot system, which will replace the one ceded by Romania to Ukraine, is expected to be signed in February. The minister commended the decision of the United State government to approve the delivery of three Patriot systems to Romania. Raytheon stated it will collaborate […]
Romanian companies are entering 2025 with cautious optimism, focusing on managing risks and controlling costs, according to the Deloitte 2025 Romania CFO Survey conducted at the end of last year among approximately 130 Chief Financial Officers (CFOs). Most of the Romanian CFOs predict an increase in revenues for this year (58%), but their share has […]
Several employees of the Romanian Senate began protesting and booing while the president of the upper Chamber was announcing that staff restructuring would be implemented to reduce public spending. Ilie Bolojan, president of the National Liberal Party and head of the Senate, announced a reduction in the organizational chart from 796 positions to 618 positions. […]
The members of the Romanian angel investor network TechAngels put EUR 2.757 million in direct investments in tech startups in the second half of 2024, almost triple the amount invested in the year's first half. The investments for the entire 2024 rose to EUR 3.777 million, a 25% year-on-year increase. The rounds backed by TechAngels […]
